Japan's November balance of payments showed robust performance, with the current account surplus reaching ¥3674.1B—beating forecasts of ¥3608.7B and surging from October's ¥2833.5B. The standout figure came from the trade balance on a BoP basis, which jumped to ¥625.3B versus expectations of ¥508.3B, a massive improvement from the prior month's ¥98.3B. Even the adjusted current account, which smooths out seasonal volatility, came in stronger at ¥3137.8B against an estimate of ¥3036.4B, building on the previous ¥2476.4B result. This significant strengthening in Japan's external position signals robust export momentum and improving trade dynamics, factors that typically support risk asset appetite in broader market conditions.